Russian stocks in London continue to collapse as Sberbank trades for a penny

The dollar-denominated secondary listings of Russian companies continued to plunge on the London Stock Exchange on Wednesday, as the local Russian stock market remained shut for a third day. Lukoil LKOD, -97.65% shares dropped 93%, Novatek NVTK, -96.57% dropped 77% and Rosneft Oil ROSN, -64.80% collapsed by 58%. X5 Retail FIVE, -76.44%, however, surged 58%. Sberbank SBER, -92.81%, Russia's number-one lender, traded as low as a penny.